Negotiations for Cost Reduction in Electrical Interconnection
September 12, 2024
The meeting in Nicosia indicates that a compromise may be reached to reduce the cost of electrical interconnection for Cypriot consumers. The Cypriot government is prepared to accept demands from ADMIE, including annual funding of 25 million euros for five years. However, both sides need to agree on outstanding issues before proceeding with the necessary project. Time is pressing, as the involved parties seek to achieve an agreement soon.